202 Devon StKearnyNJ07032
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Kearny at 202 Devon St, Kearny, NJ, 07032 priced at $649,000 pairs $3,440/mo rent with after a $3,177/mo payment. Total monthly income equals $3,440/mo. Return on cash invested is 13.39% in year one, and rental yield stands at 6.36% on a $649,000 basis. Equity gained on principal adds $4,188/yr, and 5% annual appreciation accumulates to $179,307 by year five. Five-year ROI measures 69.1% and total cumulative return in cash reaches $147,552. For financing, Ziffy Mortgage’s DSCR program evaluates $3,440/mo property income against a $3,177/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1890
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07032, Kearny, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,485 (100%) |
| Owner Occupied HU | 6,112 (39.5%) |
| Renter Occupied HU | 8,682 (56.1%) |
| Vacant Housing Units | 691 ( 4.5%) |
| Median Home Value | $501,789 |
| Average Home Value | $550,777 |
Housing Distribution
Address Breakdown
Residential
13,214
Single Family
9,548
Multi-Family
3,666
Businesses
1,303
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Listed by: Juan J Gamarra • Compass New Jersey Llc
Mls Name: GSMLS
Mls ID: #4005023